Open trading account 
Sterling is easing against the US dollar on Thursday morning European session.
Yesterday's late gains are being erased during this morning session, with the exchange rate struggling to keep afloat the 1.3050 level.
The lower boundary of the hourly Bollinger bands is positioned at 1.3030, while the upper at 1.3096. The most likely scenario is a continuation of the motion south, as the 55 and 100-hour SMAs at 1.3126 and 1.3167, respectively, combined with the weekly S1 at 1.3104 consist on several levels of resistance that the exchange rate will hardly overcome without any fundamental shift.
The next target may lie on the weekly S2 located at 1.2973.
Yesterday's late gains are being erased during this morning session, with the exchange rate struggling to keep afloat the 1.3050 level.
The lower boundary of the hourly Bollinger bands is positioned at 1.3030, while the upper at 1.3096. The most likely scenario is a continuation of the motion south, as the 55 and 100-hour SMAs at 1.3126 and 1.3167, respectively, combined with the weekly S1 at 1.3104 consist on several levels of resistance that the exchange rate will hardly overcome without any fundamental shift.
The next target may lie on the weekly S2 located at 1.2973.
